Answer / radhakrishna al

The Journal Entry is as same as for Pre paid Insurance

Prepaid Insurance A/C Dr
Bank A/C Cr

When we are following Merchentile system of Book keeping,
It the is not the point of Time when you make the payment
but the Incurrence of Expence to record the same in Books
of Accounts.

4- What do you mean by journals and journalizing?

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discuss accounting concepts and convention you know, laying emphasis on each of their limitations {20 pages}

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Needs for capital

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DIFFERENCES BETWEEN MANAGEMENT ACCONTING AND FINACIAL ACCOUNTIG

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who is the customer and vendor?

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Reports in Accounts Payable

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I have 3 units, can i vat returns all the three units only one vat form

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